A financial comparison which examines a specified performance factor for a specified year with the same performance factor for the previous year. Year over Year comparisons can can be direct comparing the actual performance factors, or differences between the factors in either absolute or percentage terms. It has the advantage over shorter term comparisons of eliminating seasonality and potentially revealing longer term trends. 6
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Universal Resource Locator
A protocol for delineating addresses on the internet.6
Uniform Limited Partnership Act
Uniform Limited Partnership Act, see also the RULPA, Revised Uniform Limited Partnership Act U.L.P.A. § 101 et seq. (1976), as amended in 1985 (R.U.L.P.A.).3
Small Business Technology Transfer program
The Small Business Technology Transfer program, from the US government; intended to assist educational institutions in transferring new technology to the private sector.7
Simple Agreement for Future Equity
A new form of funding for early stage companies developed by YCombinator to solve a number of issues with traditional convertible note financing.7
Software as a Service
SaaS refers to Software as a Service, a cloud based software application where users are charged on a subscription basis.6
Pooled Investment Vehicle
A legal entity that pools various investors’ capital and deploys it according to a specific investment strategy.8
Private Investment for Public Equity
Private offering followed by a resale registration.3
Over-the-Counter
A market for securities made up of dealers who may or may not be members of a formal securities exchange. The over-the-counter market is conducted over the telephone and is a negotiated market rather than an auction market such as the NYSE.3
New York Stock Exchange
Founded in 1792, the largest organized securities market in the United States. The Exchange itself does not buy, sell, own, or set prices of stocks traded there. The prices are determined by public supply and demand. Also known as the Big Board.3